Independent Banker - July 2018 - 14

CURRENCIES
Notable Quote
7
Sightings
ICBA members and staff in the news
Q ICBA president and CEO Rebeca Romero Rainey talked
S.2155's passage with CNN on May 22: " This hard-fought, longawaited
community bank regulatory relief legislation will put
community banks in an enhanced position to
foster local economic growth and prosperity. "
Q Romero Rainey was also the subject of
a May 22 profi le feature in The Hill titled
" Looking out for Main Street banks. "
This bill's passage marks
one of our greatest
achievements in the
115th Congress but
should not be unexpected.
It is a bipartisan
compromise, the changes
are common sense, and
it will allow financial
institutions to better
serve their customers
and communities, while
maintaining safety and
soundness, and important
consumer protections. "
-Sen. Mike Crapo (R-Idaho), chairman of
the Senate Banking Committee, on the
passage of S.2155
14 Q ICBA Independent Banker Q July 2018
Q In a May 22 article, ICBA executive vice
president for congressional relations Paul Merski told the Los
Angeles Times that S.2155 " is a way to keep community banks
more viable and have less costs in rules and regulations, and
spend more of that time, money and resources on customers. "
Q In a May 23 Wall Street Journal article, ICBA chairman Tim
Zimmerman described ICBA's message to lawmakers: " Don't
just tell us how you like [small banks], go out and vote for this
bill to help us. "
Q ICBA executive vice president and senior regulatory counsel
Chris Cole was quoted in a May 28 American Banker article
about LIBOR's demise. He explained that ICBA joined the
Fed's Alternative Reference Rates Committee " to make sure
that community banks have a soft landing, so to speak, if we do
begin using an SOFR rate. "
Q In a June 4 article for Dodd Frank Update, Ron Haynie,
senior vice president of mortgage and fi nance policy for ICBA,
expressed hope that the fi rst interim fi nal rules and guidance
for the regulatory relief promised by S.2155's passage would be
ready within a month of its signing. Regulators, Haynie said,
" want to get that relief to the intended recipients-community
banks-as soon as possible. So I think they'll move quickly on it,
but there will be some sort of a time lag until everybody starts
to see the full benefi t of the law. "
See you in September!
LEAD FWD 2018
Hone your leadership skills at ICBA's sixth-annual LEAD
FWD Summit, Sept. 17-18 in Louisville, Ky. Early bird
pricing is available through August 16-don't miss out!
icba.org/leadfwd

http://www.icba.org/leadfwd

Independent Banker - July 2018

Table of Contents for the Digital Edition of Independent Banker - July 2018

Table of Contents
Independent Banker - July 2018 - Intro
Independent Banker - July 2018 - Cover1
Independent Banker - July 2018 - Cover2
Independent Banker - July 2018 - Table of Contents
Independent Banker - July 2018 - 2
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Independent Banker - July 2018 - Cover3
Independent Banker - July 2018 - Cover4
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